Pepe Price Poised for Further Surge

The Pepe price has experienced a remarkable surge, climbing by 66% over the past week. Despite a slight dip in the last 24 hours, it currently trades at $0.00002104 as of 11:28 p.m. EST on a trading volume that has decreased by 4% to $5.4 billion.

Bullish Momentum in Play

Short-term analysis of the Pepe price market reveals a strong bullish trend. A notable price and volume spike, coupled with a breakout above key resistance levels and subsequent parabolic movement, confirms bullish momentum.

Data from GeckoTerminal indicates support around the $0.000010 level, which has enabled bulls to drive Pepe's price higher during the sustained bullish run. The asset has now surpassed both the 50-day and 200-day Simple Moving Averages (SMAs), signaling a positive trajectory.

Technical Indicators Suggest Caution

The Relative Strength Index (RSI) has entered the overbought zone, currently at 75. This may indicate that the asset is temporarily overextended and could result in a short-term pullback or consolidation as buying pressure subsides.

However, the Moving Average Convergence Divergence (MACD) remains positive, with the blue MACD line crossing above the orange signal line, representing a bullish crossover.

Potential Target and Support

If the current momentum persists, Pepe's price could potentially reach $0.000030 in the near term. However, the overbought RSI and parabolic price movement suggest a possible correction or sideways consolidation. In such a scenario, the 50-day SMA ($0.00001130) could serve as the next support zone.

Pepe Unchained Pre-Sale Gathers Momentum

Alongside the Pepe price surge, the Pepe Unchained (PEPU) pre-sale has raised over $35.6 million. The project aims to become a leading frog-themed meme coin, offering a Layer 2 blockchain for faster and more cost-effective transactions.

With tier-1 exchange listings expected upon pre-sale completion, the Pepe Unchained team has set a countdown for the pre-sale, which is anticipated to conclude in 25 days.

The project offers unique features, including a meme coin launchpad and a staking system with an annual percentage yield (APY) of 78%.